Budget 2025-26: Enhancing limit for interest subvention scheme for Kisan Credit Cards to Rs 5 lakh

Nirmala Sitharaman says the Kisan Credit Cards would facilitate short-term loans for 7.7 crore farmers, fishermen, and dairy farmers

New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced enhancing the limit for the interest subvention scheme for Kisan Credit Cards from Rs 3 lakh to Rs 5 lakh.

Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, Sitharaman also said the government will enhance credit guarantee cover for MSMEs to improve their credit access.

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Besides, the government will introduce customised credit cards with Rs 5 lakh limit for micro-enterprises.

She said the Kisan Credit Cards would facilitate short-term loans for 7.7 crore farmers, fishermen, and dairy farmers.

She added that term loan of up to Rs 20 crore will be provided to well-run export-oriented MSMEs.